# Australian inflation slows more than forecast, fuelling bets hikes are over | Reuters

> Australian inflation slowed more than forecast, and a measure of core inflation also cooled. The data suggested the Reserve Bank of Australia might not need to raise rates again. The Australian dollar slipped to a session low of $0.6450.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/34853-australian-inflation-slows-more-than-forecast-fuelling-bets-hikes-are-over
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Lower rate expectations weigh on the Australian dollar, which makes Australian exports less competitive and affects currency-linked feed import costs for Australian buyers. The impact on grain and feed prices is limited.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/australian-inflation-slows-more-than-forecast-reinforcing-pause-case-2023-08-30/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.